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Cronos Group (TSE:CRON)
TSX:CRON
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.01Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 11.32%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
Cronos Group's earnings call highlighted strong revenue growth, improved margins, and market leadership in Canada, supported by a robust financial position. However, challenges remain, particularly in Israel and a dependency on the GrowCo expansion for future growth. Overall, the sentiment is positive due to the significant achievements and strategic positioning for future opportunities.Company Guidance
During the fourth quarter and full year 2024 earnings call, Cronos Group highlighted several financial and operational metrics indicating significant growth and strategic positioning for future expansion. The company reported a 35% year-over-year increase in annual net revenue, reaching $117.6 million, and a 27% increase in Q4 net revenue to $30.3 million. Adjusted gross margins nearly doubled, improving by 12 percentage points to 26% for the full year. Operating expenses declined by $5 million compared to the prior year, aligning with the company's disciplined cost management strategy. Additionally, Cronos achieved an adjusted EBITDA improvement of 45% year-over-year and operating cash flow increased by $61.7 million, resulting in a positive $18.8 million for the year. The company ended the year with a robust cash position of $859 million in cash and cash equivalents, underscoring its ability to invest in growth and innovation. The expansion of GrowCo, expected to be completed in Q2 2025, is set to enhance production capabilities and meet growing demand, with first harvest and sales anticipated in the second half of 2025. Notably, Cronos' Spinach brand emerged as the number one cannabis brand in Canada by market share, with significant achievements in the edibles and flower categories, while the PEACE NATURALS brand led the Israeli market with a 24% market share in flower.Significant Revenue Growth
Cronos Group achieved a 35% year-over-year increase in annual net revenue, highlighting strong performance across Canada, Israel, and international markets.
Improved Margins
The company nearly doubled its adjusted gross margins and reported a 12 percentage point improvement in adjusted gross margin for the full year 2024.
Market Leadership in Canada
Spinach brand became the number one cannabis brand in Canada by market share, with top rankings in edibles, flower, and vapes.
Strong Financial Position
Cronos maintains a strong balance sheet with $859 million in cash and cash equivalents, providing a solid foundation for future growth and expansion.
Positive Adjusted EBITDA Trend
Adjusted EBITDA improved by 45% year-over-year, indicating better operational efficiency and cost management.
Successful Expansion in International Markets
Cronos Group made progress in Germany and the UK, showing promising growth and potential for expansion.
R&D Advancements
Significant advancements in cannabis genetics and breeding programs, leading to new strains and improved cannabinoid yield.
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TSE:CRON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CRON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | C$2.65 | C$2.86 | +7.92% |
| Nov 12, 2024 | C$2.71 | C$3.15 | +16.24% |
| Aug 08, 2024 | C$3.06 | C$3.16 | +3.27% |
| May 09, 2024 | C$3.57 | C$3.90 | +9.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cronos Group (TSE:CRON) report earnings?
Cronos Group (TSE:CRON) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Cronos Group (TSE:CRON) earnings time?
Cronos Group (TSE:CRON) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CRON EPS forecast?
TSE:CRON EPS forecast for the fiscal quarter 2025 (Q1) is <0.01.
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